Fox in fresh talks to sell Sky stake to Disney, reports claim

Joann Johnston
December 7, 2017

According to a report from Deadline, the assets could be valued at as much as $67 billion.

Disney did not immediately respond to a request for comment. Even if Disney and 21st Century Fox make a deal, It would still take ample time for crossovers between their Marvel series to get underway.

Walt Disney Co Chief Executive Bob Iger will likely extend his tenure past 2019 to facilitate integration of Twenty-First Century Fox Inc assets if a deal is completed, the Wall Street Journal reported on Wednesday.

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The deal contemplates the sale of Fox's Nat Geo, Star, regional sports networks, movie studios and stakes in Sky and Hulu, among other properties. While this doesn't confirm that the deal will go through - and the Federal Trade Commission could try to block it - the report says both companies are interested in the acquisition.

Rumors about Disney's interest in buying Fox first began circulating in early November, at a time when negotiations had stalled out. But, with Disney possibly purchasing Fox as soon as next week, team-ups that we've come to take for granted in the comic book realm may soon be made reality.

Rupert Murdoch's 21 Century Fox is said to be in talks to sell its 39 per cent stake in United Kingdom broadcaster Sky to entertainment giant Walt Disney. The decision is the result of the company's leadership coming to the realization that it is simply not large enough as media entity to compete with giants like Disney and the rapidly growing digital presences of Netflix and Amazon.

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